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Posts Tagged: “sovereign bonds“
January 14, 2025
・Guest Commentaries
Irresponsible Government Debt: The Catalyst for the Next Financial Crisis
History is replete with examples of major recessions that were ostensibly caused by mere asset bubbles, like subprime mortgages in 2008. The truth, however, is not so simple. In reality, these downturns are exacerbated and often triggered by disastrous government policy, namely excessive spending and the creation of perverse incentives.
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